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25 sats \ 6 replies \ @nerd2ninja 1 Nov \ parent \ on: Practical Guide to the Bitcoin Hard Fork bitcoin_beginners
Well the entire reason there is a chain split is because one chains follows one set of rules, and another chain follows a different set of rules which at some point caused a block to be accepted in one chain and rejected in the other.
Gotcha. So, if I'm understanding this right, to safely claim the coins from both blockchains, we need to have Bitcoin Core and Knots, and then connect Sparrow to both of them, one at a time, of course. Is that it?
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Yup and the one that you're connected to at the time is the coins for the chain you're looking at in the moment.
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That sounds way too easy. If that's the case, I don't think Sparrow is even necessary, since Bitcoin Core and Knots both have an interface to import a wallet. Or is there some benefit to using Sparrow?
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it's easier with sparrow to extract and manage the private keys of each address and more important to not make mistakes.
Listen to nerd2ninja, he's right.
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I'm missing something, or in this example with Sparrow, I'll still have to import my wallet into Sparrow. So that seems like an unnecessary step, right? The only difference I'm seeing is that with Sparrow, I only import the wallet once, while without it, I gotta do it twice: once on Bitcoin Core and again on Knots. Put me right if I'm wrong. Another question just popped up: nerd says to send the coins to a new address within the same wallet, but wouldn't it be better to send them to a new wallet? Is there a key difference I should know about?
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I just suggested what I thought would be easiest. You can import your wallet into the node software if you want.
and yes you can send them to a new wallet if you want, but it isn't any better or worse. The only thing you're doing by sending the coins somewhere new is defending against someone taking the valid signed transaction from one chain and broadcasting it on the other. I guess if you send to a new wallet there's less footguns to worry about?
To get into the weeds, you could also send the same UTXO to the same address, but just with different fee rates on each chain. As long as the newly created UTXO is different in some way, but I don't suggest that because of the higher chance of footguns if you do it that way.
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